Sat, Jun 10, 2023 6:19 PM
How Lean Manufacturing Can Boost Quality In India's EV Sector
A Flip by Shubhangi Gupta
Indian IT services companies, including 📌TCS, 📌Infosys, 📌HCL Technologies, and 📌Wipro, have secured large deals from telecom companies, with Wipro bagging a $500-million deal, TCS winning a $1-billion contract, Infosys signing a $2.5-billion deal, and HCLTech securing a $2.1-billion deal. However, industry experts believe this is driven by vendor consolidation, not market growth.
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David Hirsch, the head of the SEC's Crypto Asset and Cyber Unit, has left the agency after nearly nine years. During his tenure, he led complex investigations & issues. Hirsch is proud of the unit's accomplishments, but hasn't revealed his future plans. The SEC plays a crucial role in cryptocurrency regulation, amidst pressure to approve Ethereum ETFs & controversy surrounding Chair Gary Gensler.
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Crypto ETFs saw outflows of $600 million, the largest since March, amid concerns over the Federal Reserve's hawkish stance on interest rates. Bitcoin investment vehicles were worst hit, losing $621 million, while short Bitcoin funds gained $1.8 million. However, altcoins like Ether, LIDO, and XRP saw inflows of $13.2 million, $2 million, and $1.1 million, respectively.
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